Fisker Automotive Raises $3 Million Despite Recession

The Money Will be Invested in an Unnamed Battery CompanyFisker Automotive, makers of the Karma plug-in hybrid, have just raised $3 million to purchase a stake in a soon-to-be-named battery company. The plan, according to Fisker spokesperson Russell Datz is to "secure exclusive supply of battery technology." Obviously Fisker wants more control over its supply chain...

From Earth2Tech:

Since raising that $65 million last fall, the Irvine, Calif.-based startup has progressed toward its goal of delivering Karmas to customers by the end of this year. Fisker has unveiled plans to use a four-cylinder engine from General Motors for the Karma and started building up a dealer network. In November, Fisker finalized plans for Valmet Automotive of Finland to assemble the Karma when it reaches full-scale production — about 1,200 vehicles a month

The Money Will be Invested in an Unnamed Battery Company
Fisker Automotive, makers of the Karma plug-in hybrid, have just raised $3 million to purchase a stake in a soon-to-be-named battery company. The plan, according to Fisker spokesperson Russell